SPI Daily Australian stock market 19th September 2011 recap

my view is that price is moving lower for the next 2-days, but could remain above 4122 (down 42 points) on Monday


SPI Weekly and Daily range.


SPI opened much lower on Monday after the report, as US futures moved lower during Sunday's globex trading.

This resulted in the market moving down from open 42 points (84 points from Friday's highs), and then remaining below 4122.

Monday is the first day of an expected 2-day reversal to start the week...

and the rest of the week will be defined by the price action in the S&P on Tuesday, as per Weekly Index report



















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